Florida Supreme Court Allows Third-Party Payments To Satisfy Self-Insured Retention
The Florida Supreme Court, on questions certified by the Eleventh Circuit Court of Appeals, determined that a policyholder need not pay out of pocket to exhaust its policy’s self-insured retention (“SIR”), but could instead rely on payments made by another insurance company. The decision, Intervest Constr. of Jax, Inc. v. General Fid. Ins. Co., No. …